What is the purpose of sending value engineering analysis to external suppliers?

What is the purpose of sending value engineering analysis to external suppliers?
A . To improve early supplier involvement
B . To improve the existing products
C . To analyse the supply market
D . To standardise production processed

View Answer

Answer: A

Explanation:

Value engineering is often applied to new products or services. Early supplier involvement (ESI) is the involvement of a supplier in the product development process from a very stage in order to use the supplier’s experience and expertise. ESI can bring cost reduction opportunities, process improvements, supply chain improvements and reduce supply risk. Both processes focus on development of new product or service. They tend to work the best if they are used together. LO 3, AC 3.1 & AC 3.4